FPC Publishes Fraud Trends and Mitigation Bulletin

In recent years, the use of faster payment methods such as instant payment networks, Same Day ACH, payment wallets, push-to-card, and P2P services Zelle and Venmo has significantly increased in the U.S. As the volume of faster payments has grown, so has the associated fraud, which includes both authorized and unauthorized party payment fraud.

The U.S. Faster Payments Council recently published a new industry resource, Faster Payments Fraud Trends and Mitigation Opportunities (Bulletin.01), aimed at fostering safer user experiences and bolstering confidence and trust in faster payments. This inaugural bulletin examines the evolving landscape of faster payments fraud, providing insights gained from the FPC's prior work and addressing current trends and mitigation techniques.